Editor’s pick
How to Tackle the Exorbitant Cost of Sourcing and Cleansing Market Data
The financial industry spends $28.5 billion on externally sourced market data and a further $2-3 billion cleaning it up so that is can be used internally. Why is this so difficult and costly, and what can the industry and market participants do about it? Peter Moss, CEO of the SmartStream Reference Data Utility (RDU), will...
Top Blogs
How to Tackle the Exorbitant Cost of Sourcing and Cleansing Market Data
The financial industry spends $28.5 billion on externally sourced market data and a further $2-3 billion cleaning it up so that is can be used internally. Why is this so difficult and costly, and what can the industry and market participants do about it? Peter Moss, CEO of the SmartStream Reference Data Utility (RDU), will...
Legal & General Data Scientist Details How to Drive Insight, Value and Disruption out of Data
Delivering data driven disruption, innovation and business transformation across a large organisation containing numerous businesses is no mean feat, but it can be done by creating a data strategy and story that appeals to each business and taking an enabling rather than dictatorial approach. Just five months into his role as director, group data sciences,...
Seven Principles of a Data Ethics Framework
The issue of data ethics is surfacing at financial firms following the focus on data privacy required by General Data Protection Regulation (GDPR) compliance and the arrival of artificial intelligence (AI) applications in the workplace. It’s a difficult issue to manage as it can be interpreted in many ways, so how best can you address...
Latest briefs
SEC Selects DTCC Global Trade Repository for SFTR reporting
Skandinaviska Enskilda Banken (SEB) has selected DTCC’s Global Trade Repository (GTR) service to meet its obligations under the Securities Financing Transactions Regulation (SFTR), which is expected to apply from April 2020. To streamline client adoption of the service, DTCC recently added data transformation services to its SFTR offering, providing a one-stop shop for clients’ reporting…
MiFIR Data in a No-Deal Brexit World – Learn More at the DMI Summit 2019
The impact of a no-deal Brexit on data requirements under MiFIR is becoming clearer – and the implications are serious. While the L1 and L2 level MiFIR regulations will remain largely unchanged, the MiFIR data reporting landscape across the EU after a no-deal Brexit will change significantly in operational terms. Mateusz Hojda of the Business Reporting –…
Solidatus Targets Asia-Pacific from Office in Singapore
Solidatus, provider of a data lineage and business relationship mapping solution, has opened an office in Singapore to address Asia-Pacific markets. The expansion comes off the back of two trade missions to Asia in 2018, both of which were at the invitation of the UK Department of International Trade. John Berven, who has experience of…
CAT NMS Names FINRA as Plan Processor for the CAT after Dropping Thesys
CAT NMS has selected the Financial Industry Regulatory Authority (FINRA) as plan processor for the consolidated audit trail (CAT), having dumped previous plan processor Thesys Technologies earlier this year. CAT NMS, which is responsible for implementation of the CAT, has also released updated industry member technology specifications and industry member technical specifications scenarios.
ESMA Names Three UK CCPs to Offer Services in the EU Following a No-Deal Brexit
ESMA has named three UK central counterparties (CCPs) that will be allowed to provide services in the EU following a no-deal Brexit. The CCPs are LCH, ICE Clear Europe, and LME Clear and have been selected to limit the risk of disruption in central clearing and avoid any negative impact on the financial stability of…
Broadridge Report Reveals Damage of Poor Personalised Communications
Broadridge Financial Solutions has released a rather telling report for those at financial institutions responsible for customer onboarding and client lifecycle management. The report shows that personalisation in communications can make a significant impact on customer loyalty. Some 35% of 3,004 consumers surveyed in the US and Canada said companies they use need to improve…
ChartIQ Raises $17.4 Million in Series B Funding
ChartIQ, a provider of HTML5 real-time data charting software and most recently a desktop integration platform that connects disparate applications into a unified desktop solution, has completed Series B funding, led by German investor Digital+ Partners, of $17.4 million. The company will use the funding to increase hiring efforts, expand its headquarters in Charlottesville, Virginia…
RIMES Names David Brierwood as its First Chairman of the Board
RIMES Technologies has appointed David Brierwood as its first chairman of the board. He has been a member of the board since 2015 and was formerly chief operating officer at MSCI. As chairman, Brierwood will help set the strategic direction of RIMES managed data services business and ensure effective communication between the board, executive team…
Great Eastern Moves Data Management into Eagle Cloud, Adds IBOR
Great Eastern, an insurance subsidiary of Singapore bank OCBC, is moving its on premise Eagle Investment Systems data management solution into the Eagle Access private cloud. The company also plans to create an Investment Book of Record (IBOR) based on an Eagle solution and designed to improve investment decision-making processes. Great Eastern is one of…
DSB Raises User Fees for OTC ISIN Service in 2019
The Derivatives Service Bureau (DSB) has published 2019 user fees for the provision of ISINs for OTC derivatives. Power and standard user fees rise 4.5% to €117,500 and €39,200 respectively, while infrequent users, essentially low volume or ad hoc users of the service, will see their fees unchanged at €3,000 in 2019. The service works…
PwC Acquires KYC-Pro
PwC has acquired client onboarding specialist KYC-Pro from compliance consultancy FSCom for an undisclosed amount. The move comes as part of PwC’s plans to expand its regulatory compliance offering. KYC-Pro enables customers access to over 127 million companies worldwide, conduct individual AML checks across more than 20 countries and cross reference potential customers against international…
Singapore Affirms RegTech Commitment
At the launch of the Singapore Fintech Festival (November 12-14), Managing Director of the Monetary Authority of Singapore Ravi Menon confirmed the country’s commitment to supporting regtech development. Menon identified six core pillars to develop the fintech ecosystem, many of which had a regtech focus – including identity/KYC, data governance and platforms for innovation. The…
Nathan Wolaver Returns to Asset Control as MD of the Americas
Nathan Wolaver has returned to Asset Control as managing director of the company’s Americas business after a three-year stint as global head of data management solutions at Broadridge. Based in Asset Control’s New York office, Wolaver is responsible for all aspects of the company’s business operations across the Americas, including sales, customer support and professional…
Latest people
Fenergo Hires James Follette as Global Head of Commercial and Retail Banking
Following its recent expansion into the commercial and retail baning space, client lifecycle management solutions provider has appointed James Follette as its new Global Head of Commercial and Retail Banking. Follette was formerly responsible for client onboarding and know your customer (KYC) transformation at Citi.
Refinitiv Names Sherry Madera as Global Head of Industry and Government Affairs
Refinitiv has named Sherry Madera as global head of industry and government affairs with a view to enhancing its engagement across government, policy initiatives, industry trends and regulatory developments. Madera joins Refinitiv from the City of London Corporation and has over 20 years’ experience across both the public and private sectors, including corporate finance, banking,…
RegTek.Solutions Hires ex-IHS Markit Exec Chris Cornish to Strengthen SFTR team
RegTek.Solutions has hired Chris Cornish as a consultant business analyst based in London. He joins from IHS Markit where he was a senior business analyst and a Securities Financing Transaction Regulation (SFTR) specialist. He was previously at ICBC Standard Bank, where he worked on SFTR implementation. At RegTek.Solutions, Cornish will focus on Validate.Trade, a product…
Accuity Promotes David Wilson to Role of MD and CEO
Accuity has promoted David Wilson to the role of managing director and CEO with responsibility to deliver innovative solutions for payments, risk and compliance, develop strategic partnerships, and deliver high quality client service. He steps up to the role after 18 months as chief operating officer (COO) at the provider of financial crime compliance, payments…
GLEIF Seeks Applicants to Join Board of Directors
The GLEIF is calling for applications from C-suite level executives in the UK, Switzerland, China and India to join its board of directors. New board members will be appointed in June 2019 in line with the mandatary rotation of members of the board and to ensure the right balance of jurisdictional and skill representation. Details…
Fintech Advisor Amar Rajani Joins VTFinTech Board
VTFinTech, a provider of index management and research evaluation services, has named Amar Rajani as a member of its board with immediate effect. Rajani is the founder and managing director of Argella, an advisory firm specialising in fintech and with specialist knowledge in research, data and analytics. Prior to founding Argella, Rajani spent 17 years…
FSB Names US Federal Reserve’s Randal K Quarles as Chair
Mark Carney will step down from the role of chair at the Financial Stability Board (FSB) at the end of this month, making way for Randal K Quarles, governor and vice chairman for supervision at the US Federal Reserve, to take the chair for a three-year term running from December 2, 2018 to December 1,…
FCA Seeks New Director of Innovation
The UK’s Financial Conduct Authority is on the hunt for a new Director of Innovation to head up its newly created Innovation Division. The role will have responsibility for driving the FCA’s engagement with technological innovation within the financial services industry while developing, new, innovative and data-led ways of regulating. “This role will have a…
LSE Group Names Tom Dunlap as CDO of Information Services Division
London Stock Exchange Group (LSEG) has named Tom Dunlap as chief data officer (CDO) of its Information Services Division, which includes global index provider FTSE Russell. The role is new and gives Dunlap responsibility for developing and leading the division’s global data strategy, overseeing a global team across multiple sites, engaging with key global clients,…
Dale Richards Joins Zelig Associates as Senior Advisor
Zelig Associates, a boutique investment bank specialising in fintech, has named Dale Richards as senior advisor. Richards will be based in Toronto and support the team globally. Richards has over 30 years’ experience in fintech, data and analytics as a senior executive, investor and consultant. His appointment will strengthen Zelig’s global reach and domain expertise…
Moody’s Names Former Oppenheimer Funds IT Lead Mona Breed as CIO
Moody’s has named industry veteran Mona Breed as chief information officer (CIO) with effect from October 15, 2018. Breed succeeds Tony Stoupas, who has led Moody’s IT organisation as CIO since 2010 and will remain with the company until the end of 2018. As CIO, Breed will lead Moody’s global technology infrastructure and programmes, and…
Featured
FEATURED WEBINAR
Upcoming Webinar: Leveraging innovation in data management
Date: 28 March 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Financial Institutions are going through considerable change as they look to deploy innovative technologies and solutions that could radically change data management processes and deliver operational and business benefits. This webinar will review innovation in data management – including technologies such as…
FEATURED EVENT
Breakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
FEATURED GUIDE
Suppliers Guides for Data Management Coming Soon
Plans are underway to create a suppliers guide relevant for our data management audience soon.
Top White Papers
Applying Emerging Technologies to Real-World Business Challenge in Financial Services
Today’s world of technology is evolving at lightning speed for financial services firms. Terms like artificial intelligence (AI), machine learning (ML) and distributed ledger technology (DLT) bandied about, technology conversations seem to be all about hype. The reality is that financial services firms need to understand the impact that these new technologies could have and...
Systematic Internalisation Under MiFID II: What’s Needed Now
From September 1, 2018, firms within the scope of MiFID II that breach volume thresholds set by ESMA on August 1, 2018 for internal matching of client orders will be required to register as systematic internalisers (SIs) and operate within the SI regime detailed in the regulation. Sounds pretty straightforward, but that is far from...
Embracing Client Behavioural Analysis for Improved Business Outcomes in Fund and Wealth Management
Emerging innovative technologies are presenting financial institutions with a unique opportunity to better understand the needs of their clients and cross-/up-sell accordingly. Tapping into new data sets and advanced data management techniques, financial institutions are starting to perform the kind of client behavioural analysis common in other industries. Retail financial institutions like fund managers are...
Events and webinars
Data Management Summit New York City
Now in its 8th year, the Data Management Summit (DMS) in NYC explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.
Find out more
Breakfast Briefing: Meeting the Data Requirements of FRTB London
The Fundamental Review of the Trading Book (FRTB) Breakfast Briefing, will examine how the capital markets industry is approaching FRTB data management and will look at the implications for the ways that firms source, manage and store data for FRTB compliance.
Find out more
Upcoming Webinar: Buy-side: How to get data management right in investment management, insurance and pension funds
Date: 11 April 2019 Time: 10:00am ET / 3:00pm London / 4:00pm CET. Regulation and business needs are putting pressure on buy-side firms to significantly improve their data management processes. Unlike sell-side firms, most buy-side firms are reluctant to implement large data management solutions and many prefer a zero footprint approach. So, how are buy-side...
Top Knowledge Hub picks
Data Lineage
Data lineage traces data from source to destination, noting every move the data makes and taking into account any changes to the data during its journey for full traceability. It is critical to regulatory compliance and offers numerous business and operational benefits. Read all about what it is, who it impacts, what the challenges and potential solutions are, as well as review our latest content on the topic and a list of solutions providers.
Awards
Data Management Insight Awards
Our Data Management Insight Awards applaud those hard-working vendors delivering data management solutions to the financial industry. Find out how to vote, enter or see the past winners.
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